PJSC Lukoil (MIC:LKOH) Cyclically Adjusted PS Ratio: 0.41 (As of Aug. 24, 2026)

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MIC:LKOH PJSC Lukoil MIC:LKOH
17 GF Score
Price ₽4,252.00
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What is PJSC Lukoil Cyclically Adjusted PS Ratio?

PJSC Lukoil MIC:LKOH +1.59% 17 Cyclically Adjusted PS Ratio is 0.41 as of Aug. 24, 2026. GuruFocus rates MIC:LKOH with a GF Score™ of 17/100.

As of today (2026-08-24), PJSC Lukoil's current share price is ₽4252.00. PJSC Lukoil's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was ₽10,288.73. PJSC Lukoil's Cyclically Adjusted PS Ratio for today is 0.41.

The historical rank and industry rank for PJSC Lukoil's Cyclically Adjusted PS Ratio or its related term are showing as below:

MIC:LKOH's Cyclically Adjusted PS Ratio is not ranked *
in the Oil & Gas industry.
Industry Median: 1.06
* Ranked among companies with meaningful Cyclically Adjusted PS Ratio only.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

PJSC Lukoil's adjusted revenue per share data for the three months ended in Sep. 2023 was ₽1,174.776. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ₽10,288.73 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


PJSC Lukoil  (MIC:LKOH) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


PJSC Lukoil Cyclically Adjusted PS Ratio Related Terms


PJSC Lukoil Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PJSC Lukoil's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PJSC Lukoil Cyclically Adjusted PS Ratio Chart

PJSC Lukoil Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.73 0.59 0.69 0.40

PJSC Lukoil Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.39 0.40 0.42 0.50 0.65

MIC:LKOH vs XOM, CVX: Cyclically Adjusted PS Ratio Comparison

For the Oil & Gas Integrated subindustry, PJSC Lukoil's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PJSC Lukoil Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PJSC Lukoil's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PJSC Lukoil's Cyclically Adjusted PS Ratio falls into.


MIC:LKOH
17GF Score
PJSC Lukoil MIC:LKOH
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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PJSC Lukoil Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

PJSC Lukoil's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4252.00/10288.73
=0.41

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PJSC Lukoil's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, PJSC Lukoil's adjusted Revenue per Share data for the three months ended in Sep. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=1174.776/242.6000*242.6000
=1,174.776

Current CPI (Sep. 2023) = 242.6000.

PJSC Lukoil Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 1,355.478 124.900 2,632.818
201403 1,391.256 127.800 2,640.991
201406 1,428.510 130.900 2,647.491
201409 1,692.526 132.700 3,094.249
201412 1,466.471 139.000 2,559.467
201503 1,725.486 149.400 2,801.894
201506 1,850.810 150.900 2,975.524
201509 1,849.217 153.500 2,922.606
201512 1,731.383 157.000 2,675.373
201603 1,490.638 160.200 2,257.358
201606 1,718.449 162.200 2,570.257
201609 1,655.202 163.300 2,458.983
201612 1,789.537 165.400 2,624.799
201703 1,854.525 167.000 2,694.058
201706 1,748.597 169.200 2,507.149
201709 1,925.874 168.200 2,777.747
201712 2,173.739 169.600 3,109.370
201803 2,127.208 171.000 3,017.899
201806 2,703.730 173.100 3,789.283
201809 2,995.413 173.900 4,178.765
201812 2,639.718 176.800 3,622.147
201903 2,451.812 179.900 3,306.335
201906 2,918.536 181.200 3,907.488
201909 2,760.136 180.800 3,703.590
201912 2,699.901 182.200 3,594.929
202003 2,315.064 184.500 3,044.090
202006 1,337.804 187.000 1,735.568
202009 1,981.705 187.400 2,565.430
202012 1,896.981 191.100 2,408.203
202103 507.154 195.200 630.305
202106 3,125.493 199.100 3,808.361
202109 3,698.389 201.300 4,457.174
202112 1,314.719 207.200 1,539.338
202203 1,112.057 227.800 1,184.307
202206 1,569.066 230.800 1,649.287
202209 908.578 228.800 963.379
202212 778.646 231.900 814.573
202303 657.891 235.800 676.863
202306 1,144.447 238.300 1,165.098
202309 1,174.776 242.600 1,174.776

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 0.41 mean?
PJSC Lukoil (MIC:LKOH) has a Cyclically Adjusted PS Ratio of 0.41 as of Aug. 24, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on PJSC Lukoil and its competitors.
Is PJSC Lukoil's Cyclically Adjusted PS Ratio too high?
PJSC Lukoil's current Cyclically Adjusted PS Ratio is 0.41. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.06. PJSC Lukoil's value of 0.41 is 61.3% below this industry median. Overall, PJSC Lukoil has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does PJSC Lukoil's Cyclically Adjusted PS Ratio compare to XOM and CVX?
PJSC Lukoil's Cyclically Adjusted PS Ratio of 0.41 can be compared against companies in the Oil & Gas industry. The industry median Cyclically Adjusted PS Ratio is 1.06. PJSC Lukoil's value of 0.41 is 61.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.06, based on 716 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PJSC Lukoil's current Cyclically Adjusted PS Ratio of 0.41 is 61.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on PJSC Lukoil and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJSC Lukoil's current Cyclically Adjusted PS Ratio is 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJSC Lukoil stock overvalued right now?
PJSC Lukoil (MIC:LKOH) has a current Cyclically Adjusted PS Ratio of 0.41. The current Cyclically Adjusted PS Ratio is 0.41 and 61.3% below the Oil & Gas industry median of 1.06. PJSC Lukoil's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For PJSC Lukoil (MIC:LKOH), the current Cyclically Adjusted PS Ratio is 0.41 as of Aug. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PJSC Lukoil Business Description

Industry EnergyOil & Gas
Address 11, Sretensky Boulevard, Moscow, RUS, 101000
PJSC Lukoil directs the financial decisions and operations of the main group's subsidiaries. Altogether, Lukoil is an integrated oil company that has exposure to the entire range of activities in the oil and gas cycle from exploration to sales of refined products. Exploration and production activities are conducted with assets located in Russia, Iraq, and Uzbekistan, on offshore and onshore fields. Lukoil brings an array of petroleum products to the market through its refinery unit, including gasoline, medium distillates, dark petroleum products, lubricants, and other related products. Russia constitutes a significant portion of the group's distribution network; however, its products penetrate a number of different markets in Europe and the Americas.
17GF Score

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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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